reg 26
In forceAmount paid in relation to security rights extinguished by s 25
Part 4Compensation
Division 4.5Claims for, and offers of compensation
26 Amount paid in relation to security rights extinguished by s 25
(1)
If an amount has been paid to or recovered by the securityholder under a security in relation to a liability that, on the making of a claim by the securityholder, is, by section 25, taken to have been discharged—
(a)
the securityholder is liable to repay that amount to the person who paid it; and
(b)
the Territory may deduct from the compensation payable to the securityholder and pay to the person who paid that amount the amount that has not been repaid.
(2)
A payment made by the Territory under subsection (1) (b) is taken to have been made in discharge of the obligation of the securityholder under subsection (1) (a).
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